Author: Crypto News

Last updated: April 19, 2024 07:58 EDT | 1 min read Crypto derivatives exchange BitMEX’s Bitcoin perpetual swap XBTUSD is now offering 250x leverage, up from 100x, ahead of Bitcoin halving.The significant increase comes following requests from traders to profit from the anticipated volatility as halving approaches, the company said in a release shared to Cryptonews.A perpetual swap is a type of derivative trading product that offers traders a chance to take on large positions in a cryptocurrency with little money down.“With increased leverage of up to 250x for XBTUSD we want to ensure traders can capitalize the most on…

The prices of most top cryptos have been whipsawing. But such volatility is to be expected before the Bitcoin halving event. Experts are looking forward to the upcoming price surge and investors are looking for new assets to diversify their portfolios. As has been the case in the last bull runs, memecoins continue to spark interest amongst crypto veterans and newcomers alike. The memecoin mania continues in this cycle too with one new age memecoin making news everywhere. BEFE is just beginning its crypto journey and holds the chance to multiply investments multifold or so experts believe.More than a simple memecoinBEFE focuses…

Last updated: April 19, 2024 07:18 EDT | 3 min read LUNC has gained by 3.5% in the past 24 hours, with the Terra Luna Classic price reaching $0.0001013 on a day of recovery for the crypto market as a whole.Despite its bounce, LUNC remains down by 21% in a week, 24% in a month and 20% in a year, with these declines standing in stark contrast to most major tokens.However, today’s uplift has brought with it a slight increase in trading volume, which has climbed to $30 million in a sign that buyers may be coming back.And with the…

Shiba Shootout ($SHIBASHOOT) has kindled the new meme coin craze. Drawing inspiration from the legendary Shiba Inu meme coin, the project embarks on an exciting journey themed around the crypto Wild West. Here is an analysis of Shiba Shootout and whether it can become the next big meme coin. Shiba Shootout: An IntroductionThe website presents Shiba Shootout as a meme coin project that goes beyond the conventional limits of cryptocurrency. It takes the user through a captivating adventure filled with creativity, strategic gameplay, and the allure of a cowboy’s showdown.While the cryptocurrency market is renowned for its extremely erratic meme coins, Shiba…

Last updated: April 19, 2024 05:49 EDT | 2 min read Google’s online advertising platform, Google Ads, is promoting malicious crypto websites, exposing users to a phishing scam. According to a report from BleepingComputer, threat actors have exploited Google Ads to advertise a fake version of Whales Market, an over-the-counter (OTC) crypto platform facilitating airdropped token trading. The compromised version of the website appears as a sponsored ad at the top of Google search results, drawing unsuspecting users into the trap.Users Redirected Fraudulent DomainsDespite its initial appearance with a seemingly legitimate domain address, users who interact with the ad are redirected to a…

Last updated: April 19, 2024 05:41 EDT | 1 min read Japan’s SBI Group is planning on issuing non-fungible tokens (NFTs) built on XRP Ledger during the World Expo 2025 to be held in Osaka, Japan.According to marketing material released before the event, those attending the upcoming Expo will receive exclusive NFTs of “MYAKU-MYAKU” which is the official character of the EXPO. The non-fungible tokens will be given away at the event starting from April 13, 2025. At the World Expo 2025 in Osaka 🇯🇵 (Apr – Oct 2025), official NFTs (“MYUAKU-N”) minted on the XRP Ledger will be distributed…

Analysts have recently observed that the altcoin market cap has been the only constant despite the volatility in Bitcoin’s price over the past few weeks. Crypto traders have been closely observing altcoin markets to find the next big altcoin. The Bitcoin halving event is just a day away. Typically, this event acts as a positive driver for altcoins, and it will be interesting to see which altcoin will lead this rally.Many experts are willing to place their bets on Bitgert as one of the most promising altcoin of this cycle. Do the numbers match the hype?Most coins are undergoing corrections due to…

April 19th, Panama – Gate.io is excited to announce the official launch of its Wealth Management flagship product – the Quant Fund, a groundbreaking wealth management solution designed for high-net-worth investors keen on exploring the digital assets space. We warmly invite you to be a part of this pioneering journey in wealth accrual by subscribing to our inaugural offering.Innovative Investment ApproachThe Quant Fund uses mathematical models and algorithms for its investment strategies, managed by a team of experienced traders. It employs advanced statistical and computational techniques to analyze market data, spot arbitrage opportunities, and execute trades. This approach, distinct from…

Last updated: April 19, 2024 05:28 EDT | 3 min read Amid the whirlwind caused by the introduction of Spot Bitcoin ETFs and the looming Bitcoin halving, the cryptocurrency market remains abuzz with excitement and anticipation.These recent developments have shaken the industry. But enthusiasts eagerly await the next catalysts to drive the ecosystem to new heights.Just one day before the highly anticipated halving event, spot Bitcoin ETFs experienced a surge in popularity, coinciding with a rise in the underlying asset’s price. However, flows to these three-month-old products declined into negative territory earlier this week.The halving, a phenomenon that occurs roughly…

Covalent (CQT) has reported significant growth in active wallets using its data, now surpassing 280 million across the Web3 ecosystem, up from +240 million at the beginning of January 2024. This increase underscores Covalent’s substantial impact and its commitment to delivering structured, comprehensive and verifiable blockchain data provides performant structured onchain data to downstream consumers like AI. Serving as the backbone for a wide range of applications, from DeFi to AI, Covalent is pivotal in navigating the challenges of modern blockchain data needs and driving innovation across multiple sectors.Supporting Diverse Web3 Applications and AI Integration Covalent’s structured data is designed to…